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India plans to cut reliance on Middle East oil, tap spot market after war shockIndia's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost ...- UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEAUnited Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alterna...
- Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P GlobalShipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far ...
- JD Vance calls ceasefire 'a little messy', says US has made 'great progress' in Iran nuclear talksUS Vice President JD Vance announced significant headway in diplomatic talks with Iran, aiming for a lasting shift in Middle Eastern relati...
- Oil keeps flowing through Hormuz despite Iran saying it’s shutDespite Iran's claims of closing the Strait of Hormuz, millions of barrels of oil continued to flow through the vital waterway over the wee...
- ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...
- Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
- Indian refiners sitting on enough crude, in no rush to resume purchases from West AsiaIndia's state-run refiners have secured enough crude for two months. They are not rushing to buy from the Middle East even if the Strait of...
- India's fiscal policy is evolving to support domestic growth: S&P GlobalIndia is adjusting its fiscal policy to boost domestic growth and economic strength. Global uncertainties are prompting a move towards long...
- On This Day in History, June 10: Troy falls, Italy enters WWII, Jurassic Park premieres, Thatcher wins for 3rd time, FIFA World Cup opens and other key eventsOn This Day in History, June 10 witnessed events that ranged from the legendary destruction of Troy and the birth of Gothic architecture to...
- West Asia War: Hormuz strait will be open but with transit fees, Iran envoy to Moscow quotedIran and Oman will control passage through the Strait of Hormuz. New conditions, including transit fees, will be implemented. This follows ...
- The Iran war is pushing the global gas trade into the shadowsAs the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by ad...
- How China is helping Cuba survive crippling blackouts as years of US sanctions leave the country with ‘absolutely no fuel’Cuba faces a severe energy crisis with widespread blackouts. China is significantly boosting Cuba's solar power infrastructure. Imports of ...
- Iran says BRICS unable to reach consensus on West Asia conflict due to UAE stanceIran's Deputy Foreign Minister Kazem Gharibabadi stated the UAE is hindering BRICS consensus on the West Asia conflict. He expressed Iran's...
- Iran seeks India’s role in West Asia peace efforts ahead of BRICS meet; plans new Hormuz shipping frameworkIran welcomes India's efforts to bring peace to West Asia. The nation is creating a new framework for ships passing through the Strait of H...
- Iran war ceasefire grows increasingly shaky after Trump rejects Tehran's latest proposalTensions remain high between Iran and the United States as a fragile ceasefire falters. Both nations are locked in a standoff over Iran's n...
- "Geopolitical Earthquake": UAE quits OPEC to defy Saudi energy dominance, says analysisThe UAE has exited OPEC and OPEC+, ending decades of Saudi economic influence. Analysts call it a "political rebellion" prioritizing market...
- First LNG shipment since war began appears to exit HormuzA liquefied natural gas shipment, the Mubaraz, appears to have successfully traversed the Strait of Hormuz after a two-month lull in traffi...
- Welcome to the age of energy shocks: The unsettling future view that Iran's Hormuz playbook showsIran war: In today’s rapidly evolving energy scene, crises have become the new norm, frequently disrupting oil and gas supply chains. The g...
- Moscow, Kyiv end Russian gas transit to Europe via UkraineUkrainian President Volodymyr Zelensky described the end of Russian gas transit through Ukraine as a 'defeat' for Moscow. European nations ...
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